Your FOCUS When Trading Stocks in the Stock Market
★ SUMMARY ★
In this episode, I’d like to really concentrate on what your focus should be when trading. What should be your focus when you get in the trade, what should be your focus when you’re choosing a stock. What should be your focus when you are in it, when you’re actually in the position. What should be your focus when you get out of the trade.
Many traders focus on the wrong thing
I find that many traders, especially at the beginning, they focus on the wrong thing, when they’re getting in the trade, when they are in the trade, when they’re getting out of the trade, or taking profits, or exiting that trade.
The focus is incorrect. And when the focus is incorrect, you get different results. You get results that are unexpected or results that you really don’t want, and it’s a simple thing that your focus is wrong.
Just because it’s simple, it doesn’t mean It’s easy to change that focus. Sometimes it is because all you need to do is just be aware of “wow, my focus is in the wrong spot, I need to change my focus, I need to point it in another direction”.
For those of you that are lucky enough that are able to just shift from one side of the focus and focus to another direction and everything seems to work out great then, by all means this will be a great lesson for you to see that awareness.
For other people maybe you see and understand that that’s where should be your focus, but there’s going to be a lot of learning that still goes with it. There’s going to be a lot of homework you have to do, there’s going to be a lot of studying that you have to do. So some things that you have to push yourself to see thing a little bit differently to get outside of your box, as they say, or get outside of yourself and see yourself from that third person perspective, the observing ego also known as.
If you can see yourself from that outside point of view, then that will be a good thing. But for many people, it is difficult.
What I want to do is shed some light about your focus, maybe by learning this and learning about the focus muscle, where it should be pointed to in trading, it might help you see things a little bit clearer, and that way you might be able to get the appropriate steps to continue deepening the learning from here.
Starting the race at the right point
This is just a starting point to get you to the right starting line, rather than getting you to the wrong starting line. So if you have a long bunch of starting points in a race and you don’t show up to the wrong place to run the race.
Instead, let’s just get you started in the right approach, in the right place, and then you can do the homework to continue running the race and continue finishing the race.
Posted at: http://tradersfly.com/2016/03/focus-trading-stocks/
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